Tai Zachary Aris 4

What Happened
Director Tai Zachary Aris was granted a derivative award covering 656 shares on 2026-03-31. The grant is reported at an exercise price of $0.00 (transaction value reported as $0). The filing classifies this as an award/grant (derivative instrument), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
• Amount: 656 derivative shares/options granted at $0.00 exercise price; reported value $0.
• Vesting/exercisability: The option is fully vested and exercisable on the date of grant (per footnote).
• Footnote: The option was granted as an adjustment to outstanding equity awards in connection with a warrant dividend distributed to common stockholders on October 27, 2025.
• Shares owned after transaction: Not specified in the provided filing details.

Context
This was an award/adjustment of derivative awards (options/warrants) rather than a cash purchase or sale. Such grants may be part of compensation or structural adjustments (here tied to a prior warrant dividend) and can be dilutive if exercised, but the filing shows no cash proceeds or open-market activity associated with this event.